FTAC Emerald Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
FTAC Emerald Acquisition has a total shareholder equity of $-4.3M and total debt of $2.0M, which brings its debt-to-equity ratio to -47%. Its total assets and total liabilities are $166.0M and $170.3M respectively.
Key information
-47.0%
Debt to equity ratio
US$2.03m
Debt
Interest coverage ratio | n/a |
Cash | US$29.84k |
Equity | -US$4.31m |
Total liabilities | US$170.27m |
Total assets | US$165.96m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: EMLD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: EMLD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: EMLD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: EMLD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: EMLD's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if EMLD's interest payments on its debt are well covered by EBIT.